One of the leading franchise companies in Canada, CoolBrands has decided to sell a part of their franchise division. The lucky new owners will be International Franchise Corp, who is willing to pay approximately 8 million USD for a part of the franchise.
The company is responsible for delicious dairy snacks and other snack foods. However, the company will retain the trademarks of Jerry’s Pizza Pasta and Tropicana Smoothies.
After the sale of the part of the franchise was announced, stock values of CoolBrands rose by six cents. More information on the sale to International Franchise Corp are available.